The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Sat Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(8.82%) | $10,143,000 | | Net Lumpsum Payment | $62,346,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$342,495 |
$2,143,564 |
| 2 |
$4,077,432 |
$1,468,980
$359,630 |
$2,248,822 |
| 3 |
$4,281,252 |
$1,544,394
$377,606 |
$2,359,252 |
| 4 |
$4,495,392 |
$1,623,625
$396,494 |
$2,475,273 |
| 5 |
$4,720,110 |
$1,706,771
$416,314 |
$2,597,025 |
| 6 |
$4,956,180 |
$1,794,117
$437,135 |
$2,724,928 |
| 7 |
$5,203,860 |
$1,885,759
$458,980 |
$2,859,121 |
| 8 |
$5,464,182 |
$1,982,078
$481,941 |
$3,000,163 |
| 9 |
$5,737,404 |
$2,083,170
$506,039 |
$3,148,195 |
| 10 |
$6,024,300 |
$2,189,321
$531,343 |
$3,303,636 |
| 11 |
$6,325,386 |
$2,300,723
$557,899 |
$3,466,764 |
| 12 |
$6,641,694 |
$2,417,757
$585,797 |
$3,638,140 |
| 13 |
$6,973,740 |
$2,540,614
$615,084 |
$3,818,042 |
| 14 |
$7,322,556 |
$2,669,676
$645,849 |
$4,007,031 |
| 15 |
$7,688,658 |
$2,805,134
$678,140 |
$4,205,384 |
| 16 |
$8,073,078 |
$2,947,369
$712,045 |
$4,413,664 |
| 17 |
$8,476,590 |
$3,096,669
$747,635 |
$4,632,286 |
| 18 |
$8,900,484 |
$3,253,509
$785,023 |
$4,861,952 |
| 19 |
$9,345,534 |
$3,418,178
$824,276 |
$5,103,080 |
| 20 |
$9,812,772 |
$3,591,056
$865,486 |
$5,356,230 |
| 21 |
$10,303,488 |
$3,772,621
$908,768 |
$5,622,099 |
| 22 |
$10,818,714 |
$3,963,255
$954,211 |
$5,901,248 |
| 23 |
$11,359,482 |
$4,163,339
$1,001,906 |
$6,194,237 |
| 24 |
$11,927,598 |
$4,373,542
$1,052,014 |
$6,502,042 |
| 25 |
$12,523,836 |
$4,594,150
$1,104,602 |
$6,825,084 |
| 26 |
$13,150,260 |
$4,825,927
$1,159,853 |
$7,164,480 |
| 27 |
$13,807,644 |
$5,069,159
$1,217,834 |
$7,520,651 |
| 28 |
$14,498,052 |
$5,324,610
$1,278,728 |
$7,894,714 |
| 29 |
$15,223,032 |
$5,592,852
$1,342,671 |
$8,287,509 |
| 30 |
$15,984,132 |
$5,874,459
$1,409,800 |
$8,699,873 |
|
|
